5,388 SqFt
5,388 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 5,388 sqft
Price per Sqft $250
MLS Listing ID VALO2099242
Year Built 1984
Annual Tax Amount $8,373
Tax Year 2025
Property Sub-Type Industrial
Source BRIGHT
Property Description
This offering is ideal for both users and investors. For investors, there is a tenant in place with a seller leaseback option available at a 6.7% cap rate. Lease terms include $16.81/SF NNN with a 3-year term and 3% annual escalations. The monthly condo fee is $867.51. The Utica Building consists of five condominium units totaling 33,756 SF of brick-and-block construction. This is a rare opportunity to acquire a highly improved, well-located flex unit with strong income potential or future user adaptability.
Location
State VA
County Loudoun
Zoning PDIP
Interior
Hot Water Instant Hot Water
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Septic
Water Public
New Construction N
Schools
School District Loudoun County Public Schools
Others
Tax ID 042295923001
Ownership Condominium
Special Listing Condition Standard
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12320 Academy Rd, Philadelphia, Pennsylvania, 19154, USA